Tim Gheitner News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> that's right. >> the mortgage rate coming down, is that because there is no much on the market? >> no. as weird as global finance is, mortgage rates coming down partly because of the debt crisis in europe, which has been pushing investors back into treasury securities which directly effect mortgage rates, and the federal reserve has this big program on the books for the last 15 months, why weather they have been buyi ining securities which puts money into the system. people need to understand that interest rates can go back up with very little warning, and they are phenomenally low right no...

Largest quarterly loss in british corporate history this week. the issue of jobs front and center. on "meet the press" david gregory asked treasury secretary tim gheitner on whether more government stimulus is needed. >> more things congress can do to help reinforce the recovery. we're in a transition from the extraordinary actions the government had to take to break the back of this financial crisis, to a recovery led by private demand. that transition is well under way. it's going to continue, strengthen. >> let's bring in nbc's mike vigera. >> good morning. >> this issue of spending, very...

Dominate the political and economic landscapes. on "meet the press," david gregory asked treasurer secretary tim gheitner on why unemployment remains so high? >> businesses across the country, faced with the prospect of an economy falling off the cliff are still cautious. they are trying to get as much productivity as possible. they are in very strong financial conditions, and that's promising. a lot of pentup demand and capacity for them to step up and start hiring. >> good morning, alex. >> the treasury secretary saying there is capacity for job growth on the horizon. that would be great new...